Boeing gives $50 Million as near-term relief to families of crash victims:
18 July 2019: Boeing to dedicate $50 million of the previously announced $100 million fund to provide near-term financial assistance to families of the victims of the Lion Air Flight 610 and Ethiopian Flight 302 accidents. Boeing has retained Kenneth Feinberg and Camille Biros, renowned experts in establishing and overseeing victims' compensation funds, to design and administer the fund.
The $50 million fund represents the initial expenditure of a $100 million pledge by Boeing to address family and community needs of those who were affected by the accidents. All monies which will be distributed by Biros and Feinberg will be independent from any resolution offered through the legal process.
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